GTBank Introduces New Technology Mobile Phone Money Transfers

GTBank Introduces New Technology Mobile Phone Money Transfers

Guaranty Trust Bank Plc (GTBank) said it is applying technology and breakthrough in  innovation to enable funds transfer on the mobile phone for the first time in Nigeria for the bank’s customers.

In this regard, the  bank has launched another first of its kind mobile channel through which  its customers can conveniently perform third party transfers to both GTBank and other bank account holders in Nigeria, via their mobile phones, by simply dialing the short code *737* with details of the amount and account number (NUBAN) of the beneficiary.

The *737* transfer service is a novel offering pioneered by GTBank in the Nigerian financial industry, that is safe, simple and convenient. To initiate transfers to a GTBank account, simply dial *737*1*Amount*NUBAN Account No# e.g. *737*1*1000*1234567890#

The 737 transfer service has been introduced to build on the success of the Bank’s One Click Top –upservice, which offers GTBank customers an efficient and easy way to buy airtime on their mobile phones directly from their GTBank account by simply dialing a short code (*737*AMOUNT#).

Managing Director/CEO of the bank, Mr. Segun Agbaje said,“We will continue to leverage technology to make banking, especially payments and transfers, faster, safer and more convenient for all our customers. This service addresses the electronic banking requirements of our customers, irrespective of their phone type”. 

The *737* transfer service is only available to GTBank customers via their mobile phone numbers registered with the bank and has minimum transfer limit of N1,000 and a daily transfer limit of N20,000.

The new technology on mobile phone money transfer, will help boost mobile money in Nigeria, which has not been very successful, since cashless policy was introduced by the Central Bank of Nigeria in January 2012. With the latest innovation from GTBank, its customers can now transfer money via their mobile phones, without any form of hinderance from the internet. Before, most bank customers relied heavily on internet banking, which has its challenges, when there are issues with internet connectivity.

The bank has a record of “Industry First” innovations such as “GTBank Mobile App”, a mobile application that merges internet banking and mobile money service offerings to allow customers enjoy more flexible banking such as Check account balance, Transfer funds to family and friends, Stop and confirm cheques, Bill payments, FX transfers, Flight bookings, Airtime recharge, Online dhopping, Purchase cinema tickets, among others. Other industry firsts include; Internet Banking, GTConnect; the interactive contact centre, Social Banking on Facebook, FastTrack, SME MarketHub, an online e-commerce platform and the first Naira MasterCard.

 

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